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Finzly Recognized at the 2026 Money20/20 Awards

Finzly, a pioneering name in modern banking technology, has distinguished itself as a finalist in the Banking category of the 2026 Money20/20 Money Awards. This accolade highlights their latest innovation, BankOS, which is designed to revolutionize banking operations by functioning as a cloud-native operating system. This recognition was made possible by an independent panel made up of industry experts who evaluated various entries based on innovation and potential impact in the banking sector.

The chosen platform, BankOS, shines within the Infrastructure subcategory and stands out as the sole bank modernization platform among the 18 finalists this year. The awards ceremony will be held on October 18 in Las Vegas, where winners will be unveiled. This occasion presents an excellent opportunity for financial institutions and technologists to witness cutting-edge advancements in the realm of banking.

About BankOS

BankOS is engineered to facilitate rapid growth within banking institutions. By seamlessly operating alongside a bank's existing core systems, it empowers organizations to launch new capabilities briskly. Additionally, it introduces various modular components referred to as Galaxies, which banks can deploy as their needs evolve. These include:

• - Payment Galaxy: This feature ensures unified payments processing encompassing ACH, Fedwire, RTP, FedNow, Swift, and blockchain integrations.
• - Account Galaxy: With a real-time, 24/7 digital ledger for specialty deposits and virtual accounts, this module offers robust digital solutions.
• - Token Galaxy: Focused on tokenized monetary transactions, it accepts stablecoins and tokenized deposits.
• - Trade Galaxy: This module supports international banking processes, including FX trading and trade finance.
• - Agentic Galaxy: An innovative addition, this empowers the entire platform with AI functionalities.
• - Digital Galaxy: Facilitates cohesive experiences across different customer channels.

Each of these Galaxies operates on the same foundational platform, allowing banks to unlock new features without the complexities of adding new infrastructure.

Finzly's approach emphasizes the importance of a unified platform for managing accounts and processing payments amidst traditional fiat and digital assets. By establishing a single source of truth for balances and transaction flow, banks can significantly reduce reconciliation discrepancies and streamline operations. This strategic methodology not only lays the groundwork for future growth but also reinvigorates banks’ operational capabilities.

The backdrop of this recognition lies in the significant shift taking place within the banking industry, as many institutions are looking to modernize their systems while avoiding the tumult of complete legacy core replacements. Finzly’s innovative strategy allows banks to tackle modernization incrementally, gradually transferring products, customer demographics, channels, and payment procedures onto the BankOS platform.

A notable example is Metropolitan Commercial Bank, which, in February 2026, became the first U.S. bank to completely retire its legacy ACH mainframe. This remarkable commitment reflects a shift in institutional readiness to embrace such innovative platforms.

Booshan Rengachari, founder and CEO of Finzly, emphasized the challenges financial institutions face when dealing with legacy systems, particularly the risks associated with full replacements. He noted the importance of BankOS, which enables banks to migrate operations away from outdated systems in a controlled manner.

“For most banks, replacing a legacy system is a multiyear gamble they often cannot afford to take,” Rengachari stated. “Our solution provides a pathway for banks to begin transitioning away from these core systems increase incrementally, ensuring they remain competitive in a rapidly evolving market.”

The recognition by the Money20/20 panel amidst established names in banking is not just a testament to Finzly’s efforts but also an indication that the financial industry is ripe for changing the status quo. More details regarding their finalist entry, titled 'BankOS – The Power of One,' can be accessed on Money20/20's official website.

About Finzly

Founded to guide banks through modern challenges, Finzly champions technological advancements in banking. They offer BankOS, an innovation core that allows financial institutions to manage both traditional and tokenized transactions across various payment methods, including ACH, wires, RTP, and SWIFT, through a singular platform designed for ease and efficiency. This initiative has the potential to pave the way for banks seeking to modernize their operations and tap into new growth avenues in embedded banking and international transactions.